The phrase is simply a way to excuse Democrat incompetence.
10% unemployment - the “new normal”
$4.00/gal gas - the “new normal”
massive federal debt - the “new normal”
It wouldn’t be so if conservatives ran the show.
I believe unemployment would drop, home starts would go up, GDP would go up and the federal debt would go down if we simply had a conservative Republican elected president.
Particularly if there were not enough Democrats in Congress to sabotage a fiscal revolution, conservatives would make a mockery of the phrase “new normal”.
When we had 4.6 unemployment , Nancy Pelosi decried the “worst economy since Herbert Hoover”. What is it now at 9.2? The best thing since sliced bread?
Nothing like lowering expectations to make failure look acceptable.
Obama could wrap his turds in tinfoil and fishhooks and the presstitutes would sell it as jewelery at Sothebys auctions.